It’s kind of like a car company buying a construction company. But Tesla’s website calls itself an “energy innovation company.” SolarCity is a “full service solar provider.” So, if this deal goes down, there’s got to be some synergy here, right?
Robert Michaels, professor of economics at California State University at Fullerton, said he's full of questions about the deal.
“I don’t see what the point is because you don’t have any of the usual rationales,” he said. "In fact, you’ve got some good rationales for not putting them under central control.”